Venezuela wants to submit Petro to OPEC as a unit of account for oil

by Peio Purlev | Nov 21, 2018 | Altcoin News, Finance News, Handpicked, International News, Petro | 1 comment | 5878 Views

If you followed our coverage of Venezuelan Petro, you know that it has been largely criticized on the global stage. It certainly doesn’t have the best reputation among cryptocurrencies and investors, because of various reasons that you can read more in the links...

North Korea: Experts Believe Crypto is Used Intensively to Evade US Sanctions

by Ian Karamanov | Sep 26, 2018 | Bitcoin, Country, Crypto exchange, Ethereum | 0 comments | 7448 Views

The current political landscape is rocky to say the least. With sanctions flying left and right, many countries are turning to crypto in order to evade and even profit during these circumstances. North Korea is painted as a demon, but are they really committing a...

Petro backed Bolivar: For better or for worse, a historical moment for Venezuela

by Peio Purlev | Aug 22, 2018 | Crypto News, cryptocurrency, Handpicked | 0 comments | 6887 Views

Last week, Venezuela’s President Nicolas Maduro made an announcement about a Petro backed Bolivar, but these radical changes weren’t official. Many doubted this controversial move from ever happening, but a week later Nicolas Maduro started the economic changes of...

The Petro cryptocurrency to be Linked to Pension and Salary Systems in Venezuela

by Ian Karamanov | Aug 16, 2018 | Bank, Country, Crypto News | 0 comments | 5853 Views

Venezuela’s president wants to use the Petro cryptocurrency as an official accounting unit. Maduro announced his decision earlier this week as reported by abc.es. Part of the implementation will see the oil and gas company of Petroleos de Venezuela (PDVSA) will start...

Russia May Start Using Venezuelas Petro for International Transactions

by Carlos Terenzi | Apr 4, 2018 | Bitcoin News, Crypto News | 0 comments | 14090 Views

We have written several times about Venezuelas Petro and how it was being developed. Now, it seems that Russia is planning to accept Venezuelas Petro for some international transactions. The measure can be seen as a way to support the Venezuelan regime that has been...